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Real Estate Briefing - Categorized | Finance, Market Moves, Mortgage more

Price boom hits Switzerland

Posted on 04 November 2010

From Themovechannel.com: Cheap mortgages are driving up residential property prices in Switzerland to levels that are worrying many analysts. Average house prices in Switzerland have risen as much as 7% in the past year and by almost 11% around Lake Geneva, one of the country’s hottest property markets where modest two bedroom apartments are selling at an average of a million francs, unaffordable for the majority of residents.
Even unexceptional villas in the region are selling for more than two million francs and a similar situation has emerged in the Zurich area, analysts point out……………………………………….Full Article: Source


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